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2 <br /> 8. 4-year review of OCBRIP as it relates to Metropolitan Transportation Plan (MTP) <br /> formerly Long Range Transportation Plan (LRTP) <br /> 9. a. Creation of a Transit Staff Working Group (SWG) to monitor plan progress, <br /> b. Invitation of other stakeholders as necessary <br /> 10. Evaluation of LRT New Starts Application and development of Alternate OCBRIP if <br /> necessary, <br /> 11. Amendments to the OCBRIP, <br /> 12. Thresholds of material change to the OCBRIP in terms of: <br /> a. Revenues <br /> b. Operating and Capital costs <br /> c. Bus Services <br /> d. Funding levels to transit providers <br /> 13. Material changes in writing and approved by managers or other, <br /> 14. Term of Agreement. <br /> The substantial parts of the agreement and where guidance could be offered include areas 1, 7, <br /> and 12. Staff is continuing work to use examples to show what various percentages mean in <br /> relation to real numbers specifically used in Section 12. Other sections will be related to the <br /> findings within those sections. <br /> FINANCIAL IMPACT: None at this time. <br /> RECOMMENDATION(S): The Manager recommends the Board review the attached Draft <br /> Interlocal Implementation Agreement, provide comments and ask staff to forward those <br /> comments to Triangle Transit, and direct staff to bring the agreement back to the Board for <br /> adoption. <br />